UNUM CORPORATION As filed with the Securities and Exchange Commission on June 29, 1995 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 11 - K |X| ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 1994 Commission File Number 33-60124 COLONIAL COMPANIES, INC. SECURITY SAVER PLAN, AS AMENDED 1200 Colonial Life Boulevard Columbia, South Carolina 29210 (Full title of the plan and the address of the plan) UNUM CORPORATION 2211 Congress Street Portland, Maine 04122 (Name of issuer of the securities held pursuant to the plan and the address of its principal executive office) Exhibit Index appears on Page 2 of 28 Page 1 of 28 Contents Audited Financial Statements, Supplemental Schedules and Exhibits Pages Report of Independent Accountants 6 Financial Statements: 1. Statements of Net Assets Available for Plan Benefits 7 2. Statements of Changes in Net Assets Available for Plan Benefits 8 3. Notes to Financial Statements 9-17 Supplemental Schedules: 1. Item 27a - Schedule of Assets Held for Investment Purposes as of December 31, 1994 18 2. Item 27d - Schedule of Reportable Transactions for the year ended December 31, 1994 19-22 Exhibits: 1. Consent of Coopers & Lybrand 23 2. Amendment dated May 25, 1994 to the Colonial Companies, Inc. Security Saver Plan, as Amended and Restated 24-28 Note: Report of Independent Accountants, Financial Statements and Supplemental Schedules filed via FORM SE. Page 2 of 28 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Retirement Committee of the Colonial Companies, Inc. Security Saver Plan, As Amended, has duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized. COLONIAL COMPANIES, INC. SECURITY SAVER PLAN, AS AMENDED June 28, 1995 By: /s/ Robert E Staton Robert E. Staton Member of the Retirement Committee Page 3 of 28